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This item was approved by the Board for inclusion on the Agenda as a <br />Consent item. <br />BUDGET AMENDMENT: <br />Date: 10/25/2010 <br />Amount: $78,989 <br />Dept. Head: Mike Downs Department: Deputy County Manager <br />❑ Internal Transfer Within Department❑ Transfer Between Departments /Funds 0 Supplemental Request <br />Purpose: <br />This budget amendment is to appropriate fund balance from FY 2010 for the payment of Arena performance incentives to SMG Management <br />Company. The incentive for Food and Beverage is $48,697 and for the Arena operations is $30,292. These incentives are based off <br />calculations that were agreed upon by management and are related to specific profitability and performance measurements. <br />Account Number <br />Account Name <br />Approved Budget <br />Inc Amount <br />Dec Amount <br />Revised Budget <br />42098310 -9404 <br />Perf Incentives <br />$0.00 <br />$30,292.00 <br />$30,292.00 <br />42098310- 9404 -FCVS <br />Pert Incentives - Food <br />$0.00 <br />$48,697.00 <br />$48,697.00 <br />42068310.6901 <br />Fund Bal - Approp <br />$41,615.00 <br />$78,989.00 <br />$120,604.00 <br />$0.00 <br />Total <br />ATTACHMENTS <br />❑ SMG Food Beverage <br />❑ Mgmt <br />❑ Qualitative Incentive Survey <br />F -2 <br />Page 58 <br />